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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Tonking New Energy Group Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was HK$-23.7 Mil.
Tonking New Energy Group Holdings's average Total Assets over the quarter that ended in Mar. 2026 was HK$724.3 Mil. Therefore, Tonking New Energy Group Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was -3.28%.
Tonking New Energy Group Holdings (HKSE:08326) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Tonking New Energy Group Holdings ROA % Related Terms
Tonking New Energy Group Holdings ROA % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tonking New Energy Group Holdings ROA % Competitor Comparison
For the Utilities - Renewable subindustry, Tonking New Energy Group Holdings's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tonking New Energy Group Holdings ROA % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Tonking New Energy Group Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Tonking New Energy Group Holdings's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Tonking New Energy Group Holdings (HKSE:08326) has a ROA % of -3.28% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Tonking New Energy Group Holdings and its competitors. According to the industry distribution chart, Tonking New Energy Group Holdings ranks #245 out of 457 companies in the Utilities - Independent Power Producers industry, placing it in the top 53.6%.
Is Tonking New Energy Group Holdings' ROA % too high?
Tonking New Energy Group Holdings' current ROA % is -3.28%. Based on the distribution chart, Tonking New Energy Group Holdings ranks #245 out of 457 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Tonking New Energy Group Holdings has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tonking New Energy Group Holdings' ROA % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Tonking New Energy Group Holdings ranks #245 out of 457 companies for ROA %. This places Tonking New Energy Group Holdings in the lower half of its industry. The industry median ROA % is 1.04. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Utilities - Independent Power Producers company?
The median ROA % among Utilities - Independent Power Producers companies is 1.04, based on 457 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Tonking New Energy Group Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median ROA % is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tonking New Energy Group Holdings's current ROA % is -3.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonking New Energy Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tonking New Energy Group Holdings (HKSE:08326) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.15 — trading 204% above its estimated fair value. The current ROA % is -3.28%. Tonking New Energy Group Holdings' overall GF Score™ is 53/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Tonking New Energy Group Holdings (HKSE:08326), the current ROA % is -3.28% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tonking New Energy Group Holdings (HKSE:08326) Overvalued in 2026?
Based on GuruFocus' analysis, Tonking New Energy Group Holdings stock appears to be overvalued.
The current stock price of HK$0.15 is trading 204% above its estimated GF Value™ of HK$0.05.
GuruFocus considers Tonking New Energy Group Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08326:
ROA %: -3.28%
GF Value™: HK$0.05 vs. price of HK$0.15 (204% above fair value)
No single metric tells the full story. See the HKSE:08326 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tonking New Energy Group Holdings Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the renewable energy business in the People's Republic of China. The renewable energy business engages in the provision of a one-stop value-added solution for photovoltaic power stations (EPC, maintenance and support, and testing); sales of the patented photovoltaic tracking mounting bracket systems; and sales of electricity.
53GF Score
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